The Pre-Start
YAL ($8.1B) - Yancoal called a 10 Dec EGM to approve 2027–29 coal sales frameworks and agreements covering up to 8Mtpa, and to endorse Kestrel financial assistance; Lonergan concluded the proposals are fair and reasonable
ILU ($2.5B) - Iluka said its Eneabba rare earths refinery is 65% complete, with $1.2B spent and total capital estimate $1.7-1.8B
PRN ($1.8B) - Perenti flagged subsidence at Endeavour’s Mana gold mine, Burkina Faso, suspending operations; restart via Wona portal under review
TVN ($364m) - Tivan updated the Speewah Fluorite MRE to 45Mt at 7.8% CaF₂, with most now indicated, incl. 8.6Mt at 22.3% CaF₂
WMC ($363m) - Wiluna executed a settlement deed with AIM Mining, Milan Jerkovic and others, ending WA Supreme and Federal Court cases, with each party bearing its own costs
DTR ($301m) - Dateline said a US judge denied both its and the Government's stay applications on the August injunction; appeals continue | ▲ 9%
MRD ($66m) - Mount Ridley said Selectro recovered 95.5% vanadium from titanomagnetite, with 48.6% titanium and 77.6% iron
FEG ($48m) - Far East's shareholder Xingye withdrew its EGM to remove 4 directors
BPM ($26m) - BPM in trading halt pending Bonnie & Clyde results
VKA ($23m) - Viking outlined progress at Linka Tungsten, Nevada, with drilling 14m at 0.56% WO₃ from 40m and testwork produced a 56.9% WO₃ concentrate at 76% recovery
ALV ($23m) - Alvo extended Boa Vista by 2km at the Bluebush IAC HREE project, with 10m at 1,364ppm TREO from 2m
High Grade It
Gold rebounds from one-year low as dip buyers seize opportunity amid lower oil prices (Bloomberg)
Gina Rinehart’s Roy Hill payout slumps 25% (AFR)
Oil prices tumble 7%+ on peace-talk prospects (WSJ)
Australian Rare Earths faces community backlash over Naracoorte rare earths project in South Australia (Australian)
Citi reduces lithium price forecasts amid declining battery demand outlook (Bloomberg)
US strategy links Myanmar peace talks to rare-earth access (Reuters)
State-owned Chinese firms claim copper-cobalt smelting, tailings breakthroughs (MM)
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Glencore sells Aurukun bauxite deposit in QLD to Rio amid calls for inquiry (Australian)
Hudbay (contributing C$30m) leads C$50m investment in Pecoy Copper (Mining.com)
BTR ($637m) - Brightstar raised $82m at 50c via a placement
CTM ($204m) - Centaurus raised US$12.5m from Glencore at 42.5c (5% premium) to fund Jaguar, with CNGR's matching tranche pending Chinese approval
OSM ($117m) - Osmond raised $3.8m at $0.50 to advance the Orión
PNN ($61m) - Power Minerals raised $5m at $0.14 from Critical Metals
QML ($46m) - QMines raised $5.5m at $0.052 with the Queensland Critical Minerals Fund participating
Word on the Decline
Aurenne has gone nuclear on Forrestania’s Zenith takeover, refusing to tender its blocking 11% stake. If you read one press release today, make it this entertaining spray from Aurenne.
It savages FRS’s "unproven" hub-and-spoke strategy and Edna May acquisition, an asset Aurenne inspected and passed on. It also takes aim at Zenith directors approving themselves 22 million performance rights during sale talks, and describes building two processing plants from scratch as "brave".
Taking a step back, it appears we have another Dacian on our hands. Genesis secured 80% before spending eight months stranded with a minority, eventually returning with a sweeter offer to win over the 10.56% holdouts. Trouble for Forrestania is Aurenne doesn't just dislike the price, it doesn't want the paper.
Control is one thing, getting rid of an uncooperative minority is quite another. This could be a long marriage.
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Ownership & Oversight
MIN ($8.8B) - MinRes CFO Mark Wilson retiring Dec '26; Jonathan Cowper to act
WGX ($5.0B) - L1 bought $55m of Westgold shares, lifting its stake to 11.9%
CHN ($359m) - Chalice MD Alex Dorsch bought $191k of shares
ASL ($323m) - Andean Silver director David Southam resigned
DTR ($301m) - Dateline director Stephen Baghdadi bought shares for $85k
MMI ($247m) - Metro director Doug Ritchie bought shares for $96k
NNL ($59m) - Nordic appointed Graham Crew as NED
In the Weeds
AI Halloween crash spooks financial markets (Dryblower)
What’s behind Ben Cleary’s ‘loser’ email (AFR Rear Window)
Don’t Fight the Flows (Trader Ferg) How to capitalise on big trends
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